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Elliott Management has rebuilt a stake worth over $2 billion in SoftBank Group and is pushing the Japanese tech conglomerate to launch a $15 billion share buyback, the FT reported. The US-based activist fund aims to have SoftBank's share price reflect the $180 billion value of its investments. Following the news, SoftBank shares jumped up to 6.3%.





Elliott builds $2 billion position in SoftBank, pushes for buyback https://t.co/iZIb0Cq871
$SFTBY - Elliott rebuilds stake in SoftBank and pushes for buybacks via @FT https://t.co/QKGoE5rUa0
Elliot missed the fact #Softbank needs cash to do buybacks 🤭 https://t.co/EECwhQoEqc